Legal Ethics Law360 provides breaking news and analysis on legal malpractice cases and attorney misconduct. Coverage includes criminal allegations, disciplinary actions, and recusals involving attorneys and judges, as well as legal rules and standards.
Financier Lynn Tilton on Wednesday accused three collateralized loan obligation funds she founded of playing “tactical games” when they filed a fraud lawsuit seeking judgment on their ownership after convincing her to drop a similar case in New York federal court, prompting the funds to fire back in a letter Thursday, calling her accusations “unfounded and irrelevant.”
A former attorney pled guilty on Friday in Connecticut federal court to a money laundering charge stemming from his time posing as securities counsel to companies at the center of pump-and-dump schemes, prosecutors announced.
The Texas Supreme Court decided Friday to hear a dispute between a Galveston County judge and a Galveston County district court judge that has been framed as a separation-of-powers fight over the firing of a court administrator.
Alleged patent infringers who use an advice-of-counsel defense to fend off willful infringement claims may face a higher risk of seeing some attorney-client communications revealed to plaintiffs following a recent North Carolina federal court ruling, which comes on the heels of the U.S. Supreme Court’s 2016 Halo decision easing the standard for willful infringement findings.
A Florida accountant and attorney pled guilty Friday to tax evasion for hiding hundreds of thousands of dollars' worth of income from stocks received as compensation for legal and accounting work for two medical marijuana companies.